Merkel Takes on Starbucks in Bashing Over Unfair Tax Practices
- Chancellor says that Starbucks exploits tax loopholes
- ‘That’s not right and we have to do something about it’
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Chancellor Angela Merkel decried unfair tax advantages for multinational corporations, singling out U.S. coffee chain Starbucks Corp. as a tax rogue that exploits global arrangements at the expense of German chains.
At a meeting of Merkel’s Christian Democratic Union in her home district on the Baltic Sea coast, the chancellor sounded off against companies that engage in tax avoidance, hitting a theme that’s been taken up across the political spectrum. Many companies “have managed to pay taxes nowhere in the world,” Merkel said, before laying into the Seattle-based coffee chain.